Question 34 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 34 Chapter 1 of +2-B

Cost of Material Consumed

34. Calculate Cost of Materials Consumed from the following:
Opening Inventory of : materials Rs. 3,50,000; Finished Goods Rs. 75,000;Stock-in-Trade Rs. 2,00,000 Closing Inventory of: Materials Rs. 3,25,000; Finished Goods Rs. 85,000; Stock-in- Trade Rs. 1,50,000 Purchases during the Year: Raw material Rs. 17,50,000; Stock-in-Trade Rs. 9,00,000

The solution of Question 34 Chapter 1 of +2-B: – 

*Cost of Materials Consumed=Opening Inventory of material + Purchase of Material-Closing Inventory of Materials

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 – Company Accounts –  Accounting for Share Capital
• Chapter No. 9 – Company Accounts – Issue of Debentures
• Chapter No. 10 – Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis 
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication